The income statement information for 2010 and 2011 of the Connor Company (a sole proprietorship) is as
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Fill in the blanks labeled (a) through (g). All the necessary information is listed.
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2010 $ (a) 2011 Beginning inventory Sales 210,000 130,000 7,000 62,000 4,000 140,000 6,000 Purchases returns and allowances Ending inventory Sales returns and allowances Cross proft Cost of goods sold Selling expenses Transportation-in General and administrative expenses Net income 9,000 100,000 120,000 36,000 5,000 114,000 35,000 2,000 20,000 43,000
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Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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